STAL MULKHOEVE
ActiveSTAL MULKHOEVE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.80M and a net result of €-15k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 77% of 3111 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50▼-29
Solvency91=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €270k at 30 days acceptable
Liquidity ample (current ratio 1.53 against 1.59 in 2024; short-term debt: 20.9% and cash: 0.2% of total assets), and 34.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
65.9%
Return on assets
-0.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
18 d late
2023
19 d late
2022
25 d late
2021
50 d early
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3.80M▼ 0.4%
2024 · €3.82M
2018: €29k
2019: €33k
2020: €26k
2021: €31k
2022: €33k
2023: €3.33M
2024: €3.82M
2018 → 2025
Total assets
€5.77M▼ 0.6%
2024 · €5.80M
2018: €2.20M
2019: €2.16M
2020: €2.26M
2021: €1.77M
2022: €1.78M
2023: €5.07M
2024: €5.80M
2018 → 2025
Net result
€-15k
2024 · €485k
2018: €5k
2019: €4k
2020: €-7k
2021: €5k
2022: €2k
2023: €-1k
2024: €485k
2018 → 2025
Working capital
€645k▼ 7.1%
2024 · €694k
2018: €69k
2019: €92k
2020: €117k
2021: €-346k
2022: €-309k
2023: €148k
2024: €694k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€31k-€33k▲ 5.1%€3.33M▲ 10,100%€3.82M▲ 14.6%€3.80M▼ 0.4%
Operating result€56k-€57k▲ 0.6%€77k▲ 35.6%€759k▲ 885%€17k▼ 97.8%
Net result€5k-€2k▼ 68.4%€-1k€485k€-15k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 98% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.77M
Fixed assets
€3.92M▼ 0.5%
Current assets
€1.85M▼ 0.9%
Equity and liabilities €5.77M
Equity
€3.80M▼ 0.4%
Debt
€1.97M▼ 1.0%
The debt ratio falls from 34.2% to 34.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€154k▼
2024 · €890k
Cash flow
€122k▼
2024 · €616k
Solvency
65.9%▲
2024 · 65.8%
Current ratio
1.53▼
2024 · 1.59
Quick ratio
1.15▼
2024 · 1.50
Debt / equity
0.52▼
2024 · 0.52
ROE
-0.4%▼
2024 · 12.7%
ROA
-0.3%▼
2024 · 8.4%
Interest coverage
3.74▼
2024 · 10.43
Debt
€1.97M▼
2024 · €1.99M
Debt ≤ 1 year
€1.21M▲
2024 · €1.18M
Debt > 1 year
€759k▼
2024 · €807k
Income taxes
€456▼
2024 · €189k
Staff costs
€7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5.80M€5.77M▼
Fixed assets21/28€3.93M€3.92M▼
Tangible fixed assets22/27€3.93M€3.83M▼
Land and buildings22€3.82M€3.73M▼
Plant, machinery and equipment23€33k€33k▲
Furniture and vehicles24€83k€69k▼
Financial fixed assets28-€84k
Current assets29/58€1.87M€1.85M▼
Stocks and contracts in progress3€104k€464k▲
Stocks30/36€104k€464k▲
Amounts receivable within one year40/41€75k€20k▼
Trade receivables40€67k€14k▼
Other amounts receivable41€8k€7k▼
Current investments50/53€1.52M€1.35M▼
Cash at bank and in hand54/58€173k€12k▼
Deferred charges and accrued income490/1€3k€7k▲
Equity and liabilities
Total equity and liabilities10/49€5.80M€5.77M▼
Equity10/15€3.82M€3.80M▼
Contributions10/11€3.31M€3.31M=
Reserves13€504k€489k▼
Distributable reserves133€504k€489k▼
Amounts payable17/49€1.99M€1.97M▼
Amounts payable after more than one year17€807k€759k▼
Financial debts170/4€801k€753k▼
Other amounts payable178/9€6k€6k=
Amounts payable within one year42/48€1.18M€1.21M▲
Current portion of amounts payable after more than one year42€46k€52k▲
Trade debts44€122k€23k▼
Suppliers440/4€122k€23k▼
Taxes, remuneration and social security45€189k€190k▲
Taxes450/3€189k€189k=
Remuneration and social security454/9-€546
Other amounts payable47/48€819k€944k▲
Accrued charges and deferred income492/3€5k€0▼
Income statement
Code20242025
Non-recurring operating income76A-€4k
Remuneration, social security and pensions62-€7k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€131k€137k▲
Other operating charges640/8€18k€7k▼
Gross operating margin9900€907k€168k▼
Operating profit (loss)9901€759k€17k▼
Financial income75/76B€850€10k▲
Recurring financial income75€850€10k▲
Financial charges65/66B€85k€41k▼
Recurring financial charges65€85k€41k▼
Profit (loss) for the period before taxes9903€675k€-15k▼
Income taxes67/77€189k€456▼
Profit (loss) for the period9904€485k€-15k▼
Profit (loss) for the period to be appropriated9905€485k€-15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€485k€-15k▼
Transfer from equity791/2-€15k
Transfer to equity691/2€485k-
To other reserves6921€485k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-15k ▼103%
Net result drops to €-15k, the lowest in the series.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 18 days late
2024
31-12
Financial
Back to profitnet €485k
Net result €485k after one loss-making year.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 19 days late
2023
31-12
Financial
Equity above €2MEq €3.33M ▲10100%
Equity rises from €33k to €3.33M.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
11-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hamont-Achel · 2 establishment units since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Mulk 283930 Hamont-AchelGround area
9,623 m²
Building footprint
2,798 m²
Volume, LiDAR
19,284 m³
2 parcels, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Stal Mulkhoeve
since 20072.169.861.492
Mulk 32, 3930 Hamont-Achel
since 20262.391.105.032
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72012A0775/00D000 | Flanders | 9,018 m² | 1 · 2,657 m² | 10.6 m · 2 fl. |
| 72012A0778/00A002 | Flanders | 605 m² | 1 · 142 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
2 endedSimilar companies · same sector, comparable size
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T & L
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CANT WIM
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Of 1,957 companies in sector 01430 we hold annual accounts for 743. 193 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-10-2007
Fiscal year end31-12
Activities, NACEBEL
01430Raising of horses and other equines
93110Operation of sports facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.